Auditing Cryptocurrency? know the basics and How to Report It
Cryptocurrencies, often called virtual digital assets ( VDAs ), are intangible tokens recorded on distributed ledger technology like blockchain....
ICAI releases Exposure Draft of Standards on Auditing for Limited Liability Partnerships, invites comments
The Institute of Chartered Accountants of India (ICAI) has released an exposure draft of Standards on Auditing for Limited Liability Partnerships (LLPs) for public comments. The Auditing and...
ICAI Releases 'Excel Utility for Engagement Letter Management’ for the Ease and benefit CA Members
The Institute of Chartered Accountants of India (ICAI) has taken another significant step to enhance the efficiency and convenience of its members. In its ongoing commitment to supporting chartered...
ICAI Introduces changes to Document Authority and Standards on Quality Control, Auditing, and Assurance
The Auditing and Assurance Standards Board (AASB) of the Institute of Chartered Accountants of India (ICAI) has notified the amendment to the to the “Clarification Regarding Authority Attached to...
No Penalty shall be Levied on Grounds of Non-Auditing of Accounts if Bonafidely Claims Exemption u/s 11 of Income Tax Act: ITAT [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) held that no penalty should be levied on the grounds of non-auditing of accounts if bonafidely claims exemption under Section 11 of Income...
![No Penalty shall be Levied on Grounds of Non-Auditing of Accounts if Bonafidely Claims Exemption u/s 11 of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Penalty-shall-be-Levied-on-Grounds-of-Non-Auditing-of-Accounts-if-Bonafidely-Claims-Exemption-Income-Tax-Act-ITAT-TAXSCAN.jpg "No Penalty shall be Levied on Grounds of Non-Auditing of Accounts if Bonafidely Claims Exemption u/s 11 of Income Tax Act: ITAT [Read Order]")
